An undated image of Federal Minister for Finance Senator Muhammad Aurangzeb. — APP/File Pakistan made significant improvement in remittances: Aurangzeb.Adds policy rate is expected to be lowered in the ongoing fiscal year.Pakistan suffered Rs371 billion losses in floods,…
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‘Large companies over people’: Miftah says govt petrol hike benefits oil firms
Miftah Ismail, then-minister for finance and revenue, speaks during an interview with Reuters in Islamabad, on September 18, 2022. — ReutersMiftah says govt gave Rs35 petrol profit to oil firms.Ex-FinMin says diesel hike handed Rs70 extra profit.Awam Pakistan leader urges govt show…
Workers’ remittances rise 13% year-on-year to $3.6bn in July: SBP
US dollar banknotes are seen in this illustration taken March 24, 2026. — ReutersUAE contributes $737m, UK $555m in July remittances.Remittances up 4.5% on month-on-month basis in July.PM Shehbaz hails receipt of $3.6bn remittances in July.
KARACHI: Workers’ remittances…
Salaried class pays Rs633bn in tax, more than exporters, retailers and real estate combined
An undated image of a cashier counting Rs500 notes. — AFP/FileExporters paid Rs174 billion, down from previous year.Real estate withholding tax collections show mixed results.Retailers contribute roughly Rs70bn in withholding taxes.
ISLAMABAD: Pakistan’s salaried class…